Filters

Results

Stock exchanges
Number of listed companies
Domestic market capitalization
million US$

Chittagong Stock Exchange (CSE)

Name Chittagong Stock Exchange (CSE)
Country Bangladesh
Number of listed companies 628
Domestic market capitalization 73379.97 million US$
SSE Partner Exchange Yes
Has annual sustainability report No

ESG reporting required as a listing rule No

Has written guidance on ESG reporting No

However, CSE has prepared a Draft Guidance on ESG reporting which is now under review; and the Corporate Governance Code has been issued in 2018 with mandatory effectiveness from the beginning of 2019.

Offers ESG related training Yes

In 2021, the Chittagong Stock Exchange provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)

Market covered by sustainability-related index No

Has sustainability bond listing segment No

Has SME listing platform Yes

Women on boards mandatory minimum rule No

Additional information
  • Listed Companies have to report on the Corporate Governance Code (CGC) of the Bangladesh Securities and Exchange Commission in their Annual Reports.
  • Environmental issues are reported to The Department of Environment, Ministry of Environment, Forest and Climate Change.
  • Bank Companies have to report on Corporate Social Responsibilities (CSR) in their Annual Reports under Bangladesh Bank (Central Bank) guidelines.

Organizational model of stock exchange
  • Incorporated as a limited company in 1995.
  • Demutualized in 2013.
  • Registered as a Public Limited Company after demutualization under Companies Act, 1994. The Board, headed by elected Chairman from the Independent Directors, consist of 13 members comprising 7 Independent Directors, 5 Shareholder Directors including 1 Strategic Investor and the Managing Director.

Regulatory bodies

Regulatory model
  • Limited Exchange SRO
  • CSE activities are regulated by its own Memorandum & Articles of Association, regulations and by laws along with the rules, order and notifications of the Bangladesh Securities and Exchange Commission (BSEC) (Source). 

About the stock exchange

Location: Chittagong, Bangladesh

  • Chittagong Stock Exchange is one of the highly automated and sophisticated bourses of Bangladesh. CSE commenced its operation in 1995 and in 2013 it was converted into a demutualized Exchange. We are a fast progressing frontier market in South Asia with a transformational business plan to accommodate new products and services. CSE Next Generation Trading System (NGTS) supports multi asset class and multi-channel trading facilities.
  • CSE is an affiliated member of the World Federation of Exchanges (WFE), the founding member of the South Asian Federation of Exchanges (SAFE) and a member of the OIC Member States’ Stock Exchanges Forum, through which it maintains wide exposure to international and regional exchanges.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered

Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.